Swing! Entertainment Media AG
Swing! Entertainment english
3-month result as of 30.09.2002 – Current business development – Outlook
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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3-month result as of 30.09.2002 – Current business development – Outlook
Kaarst, 29.11.2002 – Swing! Entertainment Media AG announces its 3-month result
as of 30 September 2002 according to US GAAP as follows: In the period under
review, a turnover of EUR 2.87m was achieved (previous year: EUR 3.67m).
Earnings before interest and taxes (EBIT) amount to TEUR -23 (previous year:
TEUR 313) and earnings per share to EUR -0.01 (prevoius year: EUR 0.05).
In the period under review EBITDA amounted to TEUR 785 (previous year: TEUR
1,257).
At the end of the period under review, liquidity was at TEUR 405. The company’s
liquidity situation has still to be regarded as critical.
end of ad-hoc-announcement (c)DGAP 29.11.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
In the period under review, the company published two new titles. Among these
were a European-wide released product for the Nintendo Game Boy Advance format
as well as the product “Enclave” released in the USA and Europe for the
Microsoft Xbox format. Furthermore the company achieved sales with the
additional delivery of titles from the existing product catalogue.
As of the cut-off date, the company’s fixed assets amount to a total of EUR
10.5m. TEUR 671 account for property, plant and equipment and TEUR 9,856 for
intangible assets, whereby the share of TEUR 9,825 represents investments in the
programming section, which will reflect accordingly in the company’s turnover
and earnings in the future.
For the current second quarter, the company expects a turnover of approx. TEUR
550, which will be achieved exclusively by additional deliveries and additional
marketing. During the second quarter of fiscal 2002/2003, the company will not
place any new releases on the market.
A further 16 titles are going to be released by the end of this fiscal year; the
vast majority of these titles will be published in the fourth quarter.
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Swing! Entertainment Media AG is the first German computer game publisher at the
Neuer Markt. Including development, licence trade and marketing of own and
licenced computer games, the activities of Swing! AG comprise those segments of
the value-added chain in digital entertainment software with the highest
margins.
Contact:
Swing! Entertainment Media AG, Industriestr. 8, D-41564 Kaarst
Investor Relations: Public Relations:
Marion Morell Rainer Galuschka
Tel: +49 (0)2131 4066-253 Tel: +49 (0)2131 4066-360
Fax: +49 (0)2131 4066-260 Fax: +49 (0)2131 4066-366
E-Mail: ir@swing-ag.de E-Mail: rgaluschka@swing-ag.de
ISIN: DE0005474407 // WKN: 547 440
Exchange symbol SGV; Bloomberg SGV GR; Reuters SGVG.F
Neuer Markt, Frankfurt stock exchange
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WKN: 547440; ISIN: DE0005474407; Index:
Listed: Neuer Markt in Frankfurt, Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
291800 Nov 02
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